Grindr Inc
For the period ended Dec 31, 2024. Filed Mar 7, 2025.
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FY2024 · Filed Mar 7, 2025
GRND$13.47+0.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets
(in thousands, except share data)
| December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Assets | ||
| Current Assets | ||
| Cash and cash equivalents | $59,152 | $27,606 |
| Accounts receivable, net of allowances of $39 and $757 at December 31, 2024 and December 31, 2023, respectively | 49,599 | 33,906 |
| Prepaid expenses | 2,747 | 4,190 |
| Deferred charges | 3,807 | 3,635 |
| Other current assets | 1,679 | 2,413 |
| Total current assets | 116,984 | 71,750 |
| Restricted cash | 605 | 1,392 |
| Property and equipment, net | 1,667 | 1,576 |
| Capitalized software development costs, net | 8,750 | 7,433 |
| Intangible assets, net | 69,872 | 82,332 |
| Goodwill | 275,703 | 275,703 |
| Deferred tax asset | 1,242 | — |
| Right-of-use assets | 3,053 | 3,362 |
| Other assets | 1,214 | 1,047 |
| Total assets | $479,090 | $444,595 |
| Liabilities and Stockholders’ Deficit | ||
| Current liabilities | ||
| Accounts payable | $3,261 | $3,526 |
| Accrued expenses and other current liabilities | 29,578 | 22,934 |
| Current maturities of long-term debt, net | 15,000 | 15,000 |
| Deferred revenue | 19,970 | 19,181 |
| Total current liabilities | 67,809 | 60,641 |
| Long-term debt, net | 275,580 | 325,600 |
| Warrant liability | 252,178 | 67,622 |
| Lease liability | 963 | 2,241 |
| Deferred tax liability | — | 4,665 |
| Other non-current liabilities | 14,130 | 2,118 |
| Total liabilities | $610,660 | $462,887 |
| Commitments and Contingencies (Note 19) | ||
| Stockholders’ Deficit | ||
| Preferred stock, par value $0.0001; 100,000,000 shares authorized; none issued and outstanding at December 31, 2024 and December 31, 2023, respectively | — | — |
| Common stock, par value $0.0001; 1,000,000,000 shares authorized; 177,193,667 and 175,020,471 shares outstanding; 178,567,403 and 175,377,711 shares issued at December 31, 2024 and December 31, 2023, respectively | 18 | 18 |
| Treasury stock | (14,295) | (2,154) |
| Additional paid-in capital | 74,519 | 44,655 |
| Accumulated deficit | (191,812) | (60,811) |
| Total stockholders’ deficit | $(131,570) | $(18,292) |
| Total liabilities and stockholders’ deficit | $479,090 | $444,595 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.